Dallas Area Residential Real Estate Report

Sunday, February 11, 2018

Townhouse Market Attracting More Buyers

Townhouse construction continues to post gains as home shoppers are lured to the sector.

Dallas-area home price growth outpaced U.S. gains in December

As home prices and the cost of originating loans rise, affordability continues to erode, making it more challenging for both first-time buyers and moderate-income families to buy

15 Golden Rules for a Kitchen Renovation

You need to give yourself with as much knowledge as you can about the kitchen remodeling and renovation process. This will make things flow easier for you and allow you to identify any problems before they happen.

Use “The Minimalists'” 90/90 Rule to Help You Declutter

No matter how much you want to live more simply, it can be hard to part with your things.

Saturday, February 10, 2018

8 Home Improvement Hacks From the Humble Dollar Store

Dollar Store Crafts

Want some home improvement ideas on the cheap? How about the crazy cheap?

5 types of Home Improvement you need to know

Home improvement normally has one or even all of these purposes

D-FW at minimal risk for home price shakeout...

People waiting for home prices to fall before buying may want to change their strategy

Friday, February 9, 2018

Hot Home Trend: Black Is Back

Black makes a great finish because it goes with anything

Mortgage volume stalls as rates rise to the highest level in four years

Total mortgage application volume barely moved as interest rates rose.

Dallas Neighborhoods - Caruth Homeplace

If you would like to see the current listings and solds in this neighborhood Click Here

Dallas Area Residential Sales Report for January

The Dallas area just keeps on keeping on with home sales!

Sales in January were 12% higher than last January. The average sales price rose 3% and the median sales price climbed 5%.Pending sales increased 4%. The number of new listings were up 3%. The active listings came in with a 6% increase. Months of inventory now stands at 2.7 months. Not great news if you are a buyer but fantastic if you are a seller.

In looking at the sales distribution, not much has changed. The price range of $200,000 to $399,999 is where we find about half of all sales. In the price ranges from $100,000 to $199,999 demand is extremely high but inventories are extremely low. Inventory levels in this range are about 1.5 months.

Sales above $1,000,000 had been hot but now have slowed down. There is a 17.5 months supply of these homes. So if you are in the market for a million plus home, now is a good time to buy!

Sales: 6,246

Average Sales Price: $279,023

Median Sales Price: $235,500

Pending Sales: 8,376

New Listings: 9,684

Active Listings: 17,072

Months of Inventory: 2.7

Information provided by The Real Estate Center

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